IN THE COMING ECONOMIC STRUGGLES, JAPAN WILL WEAKEN, EUROPE WILL TRIUMPH, AND THE U.S. WILL SWALLOW SOME BITTER CURES

Just as wars -- two World Wars and, equally important, the cold war -- dominated the geopolitical map of the 20th century, economics will rule over the 21st. All the big questions confronting the world in the century ahead are basically economic. Is the U.S. in an irreversible decline as the world's premier power? Will Japan continue its competitive conquest of international markets? Can Europe manage to hold together the world's largest trade bloc in the face of strong centrifugal forces? And does the future hold any hope at all for the poverty-stricken Third World?